At the ongoing market price action, there is no such a clear pattern for a short trade like this one in
XAGUSD is. Silver is breaking below the market top consolidation formation market by the uptrend line. A break below 27 is an indication of further weakness and the ongoing pullback for a retest should be used for short trade entries with the stops above 28 to target 23.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.